TRUE OR FALSE

1) There is strong evidence that acquirer shareholders do benefit from M&As

2) Acquirers paying with stock, have negative stock price reactions at the announcement of M&A deal; Acquirer paying with cash do not have negative stock price reactions

3) In consolidations, an acquiring firm retains its pre merger legal status

4) The eurocurrency market is currency market for euros.

5) By entering a 6-month forward trade contract, you agree to exchange currencies at the current spot exchange rate